The State government issued orders approving the Detailed Project Report (DPR) for the development of Machilipatnam Port in Krishna district.
The government also accorded administrative sanction to take up phase-I works of the port at an estimated cost of Rs 5,835 crore with a completion period of 36 months, by providing State support to an extent of Rs 1,000 crore.
The AP Maritime Board (APMB) will spend Rs 90 crore towards acquisition of land to an extent of 225 acres required for Phase-I infrastructure works.
The State government permitted the AP Maritime Board to raise loans not exceeding Rs 4, 745 crore with the support of the State government. RITES Ltd had submitted draft DPR for the development of Greenfield Port at Machilipatnam on August 31, 2020.
- Phase-I works at Rs. 5K Crores
- To be developed under landlord model
- Spread across 800 acres and to be completed in 36 months
According to the chief executive officer of the APMB, the project is envisaged to be developed in phases under the landlord model. Under Phase- I, four general cargo, one coal and one container berths will be developed along with other infrastructure in 800 acres in 36 months.
The State government is keen on developing four non-major ports which is likely to increase to 300-350 million tonnes a year by 2024-25.
The four non major ports are Bhavanapadu Port in Srikakulam district, Kakinada Port in East Godavari, Machili patnam Port in Krishna district and Ramaya patnam Port in Prakaham district. Kakinada Port has already been awarded to GMR SEZ Gateway Pvt Ltd.
RITES consultants was engaged for preparation of Detailed Project Reports (DPRs) for the development of Bhavanapadu Port and Ramayapatanm Port in Prakasam district.